Now showing items 11-12 of 12
The terms-of-trade effect on expenditure : Some evidence from econometric models
(Elsevier, 1978-08)
The terms-of-trade effect on expenditure has been a long-recognized theoretical construct. In this paper, we examine the empirical credibility of this effect, using the expenditure equations of several large econometric ...
The correlation between price and output changes when there are many goods
(Elsevier, 1980-08)
It is shown that competition in the production of many goods implies a positive correlation between the elements of a vector of changes in normalized prices and the corresponding vector of changes in outputs.